Short Interest in MIND C.T.I. Ltd (NASDAQ:MNDO) Grows By 4,800.0%

MIND C.T.I. Ltd (NASDAQ:MNDO) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 9,800 shares, an increase of 4,800.0% from the December 31st total of 200 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 22,000 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On MIND C.T.I.

An institutional investor recently raised its position in MIND C.T.I. stock. Glenorchy Capital Ltd boosted its position in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,783 shares of the information technology services provider’s stock after purchasing an additional 31,544 shares during the period. Glenorchy Capital Ltd owned about 1.30% of MIND C.T.I. worth $514,000 at the end of the most recent reporting period. 24.32% of the stock is currently owned by institutional investors and hedge funds.

MIND C.T.I. Stock Performance

NASDAQ:MNDO traded up $0.02 during mid-day trading on Tuesday, hitting $2.11. The company had a trading volume of 7,251 shares, compared to its average volume of 28,897. MIND C.T.I. has a fifty-two week low of $1.70 and a fifty-two week high of $2.28. The firm has a market cap of $42.45 million, a P/E ratio of 9.59 and a beta of 0.78. The business’s fifty day moving average is $2.01 and its two-hundred day moving average is $1.96.

MIND C.T.I. (NASDAQ:MNDO) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $0.04 EPS for the quarter. The firm had revenue of $5.21 million during the quarter. MIND C.T.I. had a net margin of 22.08% and a return on equity of 21.27%.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.